QTUM price hit a 3-year high above $35 as the team’s focus on DeFi and staking attracts new users.
The volume on Ethereum futures flipped Bitcoin’s after hitting a new record at $10 billion, and derivatives data suggests further upside for Ether price.
Bitcoin bulls have a $104 million advantage leading into Friday’s $1.1 billion options expiry, but a favorable close depends on BTC price reaching $60,000.
Data shows pro traders are heavily accumulating the current dip in Bitcoin price while retail investors are occupied with trading altcoins.
The eight-year old altcoin seems to be a bellwether for altcoin rallies every time it pumps.
Ether’s spectacular rise to $3,300 has rendered all of the bearish put options worthless ahead of this Friday’s $470 million expiry.
The value of the Ethereum network soared above major companies like Nestle and P&G after its market cap hit a new high at $337 billion.
Bitcoin transactions are easy to trace, except when the sender uses a mixer to muddle the link between their crypto address and real-life identity.
Ethereum futures data suggests that pro traders believe $3,500 ETH is the next stop for the top altcoin.
Ethereum price is clearly in a strong bull trend, but derivatives data signals that pro traders are shifting their bullish bias back toward Bitcoin.